Oracle carries a $638 billion AI backlog but funds expansion through debt, unlike cash-rich rivals Microsoft, Amazon, and Alphabet. More than half of Oracle's backlog ties to OpenAI alone, creating ...
Cloud computing giant Oracle has laid off hundreds of Seattle workers since last year, part of sweeping cuts to the company’s workforce. Oracle says artificial intelligence is to blame. The Austin, ...
Oracle CTO and Executive Chairman Larry Ellison. Source: The Globe and Mail Oracle cut about 21,000 jobs in fiscal 2026 as it restructures around AI and cloud infrastructure, raising questions for ...
The growing use of AI contributed to Oracle laying off 21,000 workers in a year, according to a Securities and Exchange Commission filing on Monday. In its annual regulatory filing for the fiscal year ...
In March this year, Oracle confirmed that thousands of employees received emails from ‘Oracle leadership’ at 6AM informing them that their roles had been eliminated. Oracle has begun laying off ...
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Oracle Corporation reported increased revenue of 21% year-over-year (YOY) for its fiscal fourth quarter, but it wasn’t enough to please stockholders. The company’s shares (NYSE: ORCL) dropped over 10% ...
This concludes TheStreet’s coverage of Oracle’s Q4 2026 earnings. While the hyperscaler bested analyst expectations to cap off its fiscal year 2026, the company also spent more than expected on its ...
Oracle 30,000 job cuts incoming: Nearly 18% workforce may be affected despite AI and cloud expansion
Oracle could complete nearly 30,000 job cuts by mid-June 2026 despite reporting strong growth in its cloud computing and artificial intelligence businesses, according to a report by Tech Times. The ...
Oracle has tied its future to the AI revolution, making a big bet on providing data center access to AI firms such as OpenAI, which could account for the bulk of Oracle's revenue in future years. It ...
Oracle is reportedly moving ahead with one of the largest workforce reductions in its history, with nearly 30,000 employees expected to leave the company by mid-June 2026. The reported layoffs come at ...
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